Helwege, Jean (contributor); Packer, Frank (contributor) - 2001 - [Elektronische Ressource]
assets by creditors.
Ideally, Chapter 11 takes advantage of management’s superior knowledge of the firm’s operations, and …-type protections for management. In Japan, major
creditors control the fate of the bankrupt firm. Potential costs of … such a regime are destruction of
firm value as management seeks to stave off bankruptcy, and inefficient liquidations …